NEW YORK (TheStreet) -- The Senate on Tuesday evening approved the nomination of Mel Watt (D., NC) as the head of the Federal Housing Finance Agency, the regulator of bailed-out mortgage finance companies Fannie Mae and Freddie Mac. Watt was confirmed ... FULL ARTICLE AT The Street
WASHINGTON (AP) — Democrats have used the Senate's newly eased filibuster procedures to clear the way for confirmation of the man President Barack Obama wants to become a top housing regulator.
The Senate voted 57-40 on Tuesday to end a ... FULL ARTICLE AT The Huffington Post
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The Federal National Mortgage Association (FNMA; OTCBB: FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It was set up as a government-sponsored enterprise (GSE), but it converted into a publicly traded company in 1968. The corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of... Full Article At Wikipedia.org